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Bitcoin dominance gives hope: These 5 altcoins take off
Bitcoin (BTC) dominance falling below 60% has raised expectations for an altcoin rally.
Bitcoin's dominance, which started to decline despite the horizontal movement in Bitcoin, has led to the rise of the altcoin market. The increases in established projects, in particular, have drawn attention. The dominance of Bitcoin, which reached 55.70%, excited investors who are bullish on altcoins. So, which projects made an impact in the last 24 hours?
1- Iota (IOTA)
IOATA, which made a name for itself in the bull season of 2021, has increased by 45% in the last 24 hours. With this rise, IOTA, which has taken its place at the top of the list, has given positive signals for the upcoming bull season.
2- Hedera (HBAR)
HBAR, one of the stars of the previous bull season, has risen by 37% in the last 24 hours. HBAR, which has entered the list after a long time, can target the $0.40 range in the short term.
3- Ondo (ONDO)
ONDO, an important name in RWA projects, has recorded a 36% increase in the last 24 hours. After breaking $1.50, ONDO may frequently appear in the altcoin rally.
4- Kaia (KAIA)
KAIA, formerly known as Klaytn, increased by 34 percent in the last 24 hours. KAIA, which has been making sharp rises, did not disappoint this time either. KAIA investors may target $0.50 in the short term.
5- VeChain (VET)
VET, one of the established altcoins, has increased by 32% in the last 24 hours. Positioned in fifth place on the list, VET could further accelerate its rise by breaking $0.075.
This article does not contain investment advice or recommendation. Every investment and trading transaction involves risk and readers should conduct their own research when making decisions.